Correlation
The correlation between ARKY and QQQ is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ARKY vs. QQQ
Compare and contrast key facts about ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Invesco QQQ (QQQ).
ARKY and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKY is an actively managed fund by ARK. It was launched on Nov 14, 2023. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKY or QQQ.
Performance
ARKY vs. QQQ - Performance Comparison
Loading data...
Key characteristics
Returns By Period
ARKY
N/A
N/A
N/A
N/A
N/A
N/A
N/A
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ARKY vs. QQQ - Expense Ratio Comparison
ARKY has a 1.00% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ARKY vs. QQQ — Risk-Adjusted Performance Rank
ARKY
QQQ
ARKY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Loading data...
Dividends
ARKY vs. QQQ - Dividend Comparison
ARKY has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 23.54% | 19.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ARKY vs. QQQ - Drawdown Comparison
Loading data...
Volatility
ARKY vs. QQQ - Volatility Comparison
Loading data...